Arbeitspapier
Does public investment boost economic growth? Evidence from an open-economy macro model for India
Using annual data for India for the period 1984-2003 and employing parametric technique (GMM), the present paper jointly determines GDP growth, real exchange rate and net foreign assets in Indian economy. There is evidence that public investment exerts a significant influence on real exchange rate and the growth rate and does so non-linearly. A comparison of the Indian estimates with those available for the UK and the USA economies is also revealing and highlights the role of governance on the effects of public investment.
- Language
-
Englisch
- Bibliographic citation
-
Series: Cardiff Economics Working Papers ; No. E2008/24
- Classification
-
Wirtschaft
- Subject
-
Public investment
Economic growth
Real exchange rate
Simultaneous model
Generalised method of moments
Öffentliche Investition
Wechselkurs
Wirtschaftswachstum
Auslandsvermögen
Kapitalimport
Indien
- Event
-
Geistige Schöpfung
- (who)
-
Pal, Soubarna
- Event
-
Veröffentlichung
- (who)
-
Cardiff University, Cardiff Business School
- (where)
-
Cardiff
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Pal, Soubarna
- Cardiff University, Cardiff Business School
Time of origin
- 2008
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